After a decade of economic and political engagement with Africa, China’s significance as an influencer and investor on the continent is in little doubt.
However, until now the predominance of Chinese investments in infrastructure and other broader forms of capital injection had seen the country under-represented as a greenfield investor in the continent. This appears to be changing, according to annual figures from fDi Markets, a Financial Times service that tracks greenfield foreign direct investment.
While the US remains the most prolific investor into Africa when measured by the number of greenfield projects, China has surpassed it in terms of the volume of investment, the first time since fDi Markets’ records began in 2003.
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